Indian ports to match international standards: Ports review meeting

India will develop itself as a ‘trans-shipment hub’, said Minister of State for Shipping, Mansukh Mandaviya after the conclusion of the three day Ports Review Meeting, ‘Chintan Baithak’ in Mamallapuram, Tamilnadu. Chairpersons of all Major Ports of India, senior officials of the Ministry of Shipping, and other officials of Major Ports attended the meeting. In […]

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India seen importing almost 800,000 tonnes of wheat over next two months

Just when reports of slowdown in wheat imports and piling inventories at Indian ports had started gaining ground, traders feel that the government might import almost 800,000 tonnes of wheat during the next two months. Reuters has reported from Singapore that about 800,000 tonnes of wheat from the Black Sea region is expected to arrive in India over September […]

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Daily Masala

Here is what others are talking about this morning: Oil markets steady as strong demand is met by ample supplies Gold slips from over 2-month high as dollar inches up vs yen US poised to turn up pressure on China over trade India has no plans for duty-free sugar imports: Paswan India’s gold imports to […]

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China bans coal imports at small ports

China will not allow coal imports at small ports from July 1, the state-run China Securities Times reported. This move is likely to tighten supply of the fuel during summer and support a further rally in prices. Coking coal futures in China soared almost 8 per cent after the announcement. The newspaper did not cite […]

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Strange but true: World’s largest steelmaker is facing a shortage of steel

China, the world’s top steelmaker may have a shortage of steel. According to iron ore miner, Fortescue Metals Group Ltd., China is currently facing a lack of rebar. Rebar, short for reinforcing bar, collectively known as reinforcing steel and reinforcement steel, is a steel bar or mesh of steel wires used as a tension device in reinforced concrete and reinforced masonry structures to strengthen and […]

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IMO sulphur reduction deadline to hit the world of commodities

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The global shipping industry is dreading a regulatory decision that while reducing maritime pollution, will nearly double fuel costs in a sector already reeling from its worst downturn in decades. In an attempt to curb emissions from ships, the UN International Maritime Organization (IMO) has placed a cap on sulphur content in marine fuel oil […]

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